2016 Toyota RAV4 Hybrid Car Insurance Rates – 6 Ideas for Cheaper Quotes

Trying to find better car insurance rates? Buyers have lots of choices when searching for low-cost Toyota RAV4 Hybrid insurance. You can either waste hours struggling with agents getting price quotes or save time using the internet to get rate quotes. There is a right way and a wrong way to compare car insurance rates so we’re going to tell you the best way to get price quotes for a Toyota and locate the cheapest rates.

Insurance Discounts

Buying insurance is not cheap, but there’s a good chance there are discounts that could help you make your next renewal payment. Some trigger automatically at the time of quoting, but occassionally some discounts must be asked for before you will receive the discount. If you don’t get every credit available, you could be getting lower rates.

  • Seat Belts Save more than Lives – Requiring all passengers to fasten their seat belts can save 10% or more on the medical payments or PIP coverage costs.
  • Defensive Driver Discounts – Completing a defensive driving course could cut 5% off your bill if your company offers it.
  • Senior Citizen Discount – Mature drivers could receive lower premium rates for RAV4 Hybrid insurance.
  • Passenger Safety Discount – Vehicles equipped with air bags or motorized seat belts may qualify for discounts of 20% or more.
  • Smart Student Discounts – A discount for being a good student can get you a discount of up to 25%. Most companies allow this discount until age 25.
  • Accident Forgiveness – Not really a discount, but certain companies may permit one accident before hitting you with a surcharge so long as you are claim-free for a certain period of time.

Don’t be shocked that most of the big mark downs will not be given to all coverage premiums. Most cut specific coverage prices like physical damage coverage or medical payments. Just because you may think you would end up receiving a 100% discount, companies don’t profit that way.

Companies and their possible discounts are included below.

  • State Farm offers discounts for good driver, passive restraint, good student, student away at school, Drive Safe & Save, multiple autos, and driver’s education.
  • Farmers Insurance offers premium reductions for teen driver, mature driver, distant student, early shopping, and alternative fuel.
  • Progressive discounts include online signing, multi-vehicle, continuous coverage, homeowner, multi-policy, good student, and online quote discount.
  • Geico has savings for multi-vehicle, emergency military deployment, seat belt use, daytime running lights, and multi-policy.
  • Auto-Owners Insurance may include discounts for mature driver, safe vehicle, group or association, paid in full, and paperless.
  • The Hartford includes discounts for good student, defensive driver, driver training, vehicle fuel type, bundle, and air bag.
  • Farm Bureau has discounts for 55 and retired, renewal discount, multi-policy, multi-vehicle, and youthful driver.
  • USAA offers discounts including vehicle storage, driver training, good student, loyalty savings, new vehicle, multi-policy, and family discount.

It’s a good idea to ask all companies you are considering to apply every possible discount. Some of the earlier mentioned discounts might not apply in your area. For a list of insurance companies that provide some of the discounts listed above, follow this link.

Tailor your car insurance coverage to you

When it comes to choosing proper insurance coverage, there isn’t really a cookie cutter policy. Your needs are not the same as everyone else’s.

Here are some questions about coverages that could help you determine whether your personal situation would benefit from an agent’s advice.

  • Which is better, split liability limits or combined limits?
  • Can I pay claims out-of-pocket if I buy high deductibles?
  • If I drive on a suspended license am I covered?
  • Does insurance cover tools stolen from my truck?
  • What is the rate difference between pleasure use and commuting?
  • Should I carry comprehensive and collision coverage?
  • Does my liability insurance cover pulling a trailer or camper?

If it’s difficult to answer those questions but one or more may apply to you then you might want to talk to a licensed agent. If you don’t have a local agent, take a second and complete this form. It’s fast, doesn’t cost anything and can provide invaluable advice.

Can switching companies really save?

Consumers constantly see and hear ads for the lowest price auto insurance by companies like Progressive, Allstate and Geico. All the ads try to convey promises about how much you will save just by moving to their company.

It sounds good, but how can they all save you money? You have to listen carefully.

Companies have a certain “appetite” for the type of customer that will add to their bottom line. An example of a desirable insured might have to be a mature driver, has no prior claims, and the vehicle is rated for pleasure use. A customer that hits that “sweet spot” will get very good car insurance rates and will most likely save some money.

People who cannot meet those criteria will see a higher rate and this results in the customer buying from a different company. If you pay close attention to the ads, they say “customers who switch” but not “all drivers who get quotes” save that kind of money. That’s the way insurance companies can advertise the savings. Because each company has a different risk profile, drivers should do a quote comparison often. It is impossible to predict the company that will have the lowest rate quotes.

Insurance coverage options for a Toyota RAV4 Hybrid

Knowing the specifics of a insurance policy can help you determine appropriate coverage and proper limits and deductibles. Policy terminology can be confusing and coverage can change by endorsement.

Collision insurance

Collision coverage will pay to fix damage to your RAV4 Hybrid caused by collision with a stationary object or other vehicle. You first must pay a deductible then your collision coverage will kick in.

Collision insurance covers claims like driving through your garage door, rolling your car, scraping a guard rail, colliding with a tree and backing into a parked car. Collision is rather expensive coverage, so you might think about dropping it from lower value vehicles. It’s also possible to choose a higher deductible to get cheaper collision coverage.

Uninsured and underinsured coverage

Your UM/UIM coverage protects you and your vehicle’s occupants when other motorists either have no liability insurance or not enough. This coverage pays for injuries to you and your family as well as your vehicle’s damage.

Since many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is a good idea.

Liability coverage

Liability insurance provides protection from injuries or damage you cause to people or other property in an accident. This insurance protects YOU against claims from other people, and does not provide coverage for damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see values of 50/100/50 which means a limit of $50,000 per injured person, a limit of $100,000 in injury protection per accident, and a total limit of $50,000 for damage to vehicles and property.

Liability can pay for things like repair bills for other people’s vehicles, structural damage and funeral expenses. How much coverage you buy is your choice, but consider buying as high a limit as you can afford.

Comprehensive coverages

This coverage will pay to fix damage from a wide range of events other than collision. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things like hitting a deer, hail damage, rock chips in glass and a broken windshield. The maximum amount a insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

Coverage for medical payments

Med pay and PIP coverage pay for bills for nursing services, pain medications and X-ray expenses. They can be used to fill the gap from your health insurance program or if you are not covered by health insurance. Coverage applies to you and your occupants and also covers if you are hit as a while walking down the street. Personal Injury Protection is not available in all states and gives slightly broader coverage than med pay

Spend less. Save more.

As you restructure your insurance plan, it’s not a good idea to buy poor coverage just to save money. Too many times, drivers have reduced liability limits or collision coverage and found out when filing a claim that it was a big mistake. Your goal should be to purchase plenty of coverage for the lowest cost but still have enough coverage for asset protection.

Some insurance companies do not offer rates over the internet and most of the time these regional insurance providers prefer to sell through independent insurance agents. Cheaper 2016 Toyota RAV4 Hybrid insurance can be found online in addition to local insurance agencies, so you should be comparing quotes from both so you have a total pricing picture.

People switch companies for many reasons like denial of a claim, policy cancellation, extreme rates for teen drivers or even not issuing a premium refund. It doesn’t matter what your reason, switching insurance companies is easier than you think.

Additional information is available at the links below